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Annual Quality Grade Low Marked

Annual Quality Grade Low Marked

Annual Quality Grade Low Marked Market Update The fed cattle market continued higher again last week, after clawing its way out of the deadlock in the low $120’s for multiple weeks. The $133/cwt. resulted from the largest negotiated cash trade week this year, with the...
Prime sets sail

Prime sets sail

Prime sets sail MARKET UPDATE Without question, the talk amongst cattle producers in recent days has been about the upturn in fed cattle prices. All parties upstream of the packing sector are elated, and likely relieved, to see the price break free from the furrow...
The Upside of Heavy Carcasses

The Upside of Heavy Carcasses

The Upside of Heavy Carcasses MARKET UPDATE In the past two weeks the fed cattle price has been modestly firmer than in the beginning of the month, with a $1/cwt. improvement, averaging $124/cwt. most recently. Packers have continued to support the market at this...
Fall Factors to Test CAB Acceptance

Fall Factors to Test CAB Acceptance

Fall Factors to Test CAB Acceptance MARKET UPDATE The federally inspected cattle harvest was boosted by 20,000 head last week over the prior week. This was within the trade expectation, albeit a little weak, given that the 637K total two weeks ago was a function of...
Quality spreads press higher

Quality spreads press higher

Quality spreads press higher MARKET UPDATE  Fed cattle prices remain locked within a range of $120 to $125/cwt in what has become an extremely long 16-week period. The fact of the matter is that market-ready steers and heifers have, in total, been readily available...
Ribeye prices defying the seasonal trend

Ribeye prices defying the seasonal trend

Ribeye prices defying the seasonal trend MARKET UPDATE The Labor Day holiday shortened last week’s slaughter production to a total of 577,000 head of federally inspected harvest facilities. The daily totals on the fed steers and heifers were very respectable during...